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More investments in alternative energy needed – GCCI President
By Tusika Martin
in Trinidad
GCCI President, Chandradat Chintamani
President of the Georgetown Chamber of Commerce and Industry, Chandradat Chintamani has expressed that more emphasis needs to be placed on agriculture in the region as it plays an important role in the economies of many nations.
According to Chintamani, this was one of the focuses of the Private Sector forum, which is being hosted in Trinidad and Tobago.
Speaking with Kaieteur News yesterday, the GCCI President said that the private sector aspect of the Summit of the Americas was extremely important as it brings together some very important points that are relevant for markets in the Caribbean.
During discussions at the forum, it was pointed out that alternative energy, which again involves agriculture, as it involves biofuel, has not seen the level of investment and development in Guyana.
He added that the private sector needs to focus on how they will work with the politicians in getting their ideas adopted and changed.
“We are hoping that what comes out of these discussions will be filtered to the Heads of Government at the summit…which can further develop ideas and methodologies, which we can utilize in partnership with the government to make differences in our economies.”
Chintamani added that more importantly the regional private sector needs to stop looking at themselves independently.
“I think that if each private sector organization in the various countries start to take the initiative and work with their counterparts, there will be a lot more success than if we look at things in isolation.”
One key area, he added, is to start to bridge the gap that exists between private sector organizations in the Caribbean Community (CARICOM) and to meet at least twice yearly to examine ideas and strategies that can develop the region as a whole and not just focus on one country.
The private sector arm of the Heads of Governments is more than overdue, he noted.
While biodiesel was already a commercial product in many other countries, Guyana is the first country in the Caribbean that successfully developed a programme, which ended up in the commercial production of biodiesel.
Last month, Director of the Institute of Applied Sciences and Technology (IAST), Dr. Suresh Narine, told Kaieteur News that it took about one year of laboratory work before the project commenced.
Guyana also has a pilot biodiesel plant, which is currently being housed at the IAST compound, Turkeyen campus, University of Guyana.
The project proved that Guyana can produce bio-diesel that meets international standards.
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